Equity Release Cardiff


What is Equity Release?

When people retire most face a big drop in income which often means they may have to consider selling their home and downsizing to raise capital. If your pension is not enough for you to enjoy your retirement then an equity release scheme may be for you.

However there is another option available to home owners known as equity release schemes which can be used to raise capital in the form of a lump sum or monthly payments.

There are two main types of equity release schemes which are known as Lifetime Mortgages and Home Reversion schemes. With a Lifetime mortgage you take out a mortgage loan but retain the full ownership of the property until you die when the property is sold and the mortgage loan is re paid You usually make no repayments when you are alive, and will receive a lump sum and or monthly payment.

Equity release loans used to be only available for people nearing or in retirement, however they are now being offered to people who wish to raise money on their property by re mortgaging their property. Re mortgaging can be a way of raising money cheaply, but you should always seek professional qualified advice such as that provided by an IFA

If you are looking for information on property equity release see this page.

If you are looking for equity release information in Cardiff or the surronding area try Martyn Prowel Solicitors Cardiff

Need advice on care home fees then see this website.







Information on this page is the personal opinion of the author and should not be considered as advice of any kind.


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